ShoutWire TV

29

Shouts

Shout it

2

Bashes

Bash it

Social Security Under Attack (Again)   

   Posted by damasterwc  Promoted 316 days 3 hours ago  1735 views

    Politics / US Politics  |   Comments 8 comments  | 

  • Stumble it!
  • Facebook

May 7, 2009 (LPAC)—House Majority Leader Steny Hoyer (D-Md), Nancy Pelosi's henchman and number two Democrat in the House, proposed on Wednesday that the entitlements of Social Security, Medicare and Medicaid, which sustain the income and health standards for more than 80 million Americans, be slashed. Hoyer would accomplish that by the establishment of a bankers-controlled extra-Constitutional outside body— a Fiscal Future Commission— that would make the drastic austerity cuts, and then shove them to the U.S. Congress. According to a supporter of the Hoyer proposal, the Congress would be given the choice of voting on these Commission-devised genocidal proposals in a single, straight up and down vote, with no amendments; the Congress would devolve to a rubber stamp.

Lyndon LaRouche commented, "This is a betrayal of the American people. Hoyer is a political prostitute instead of a patriot."

Hoyer was speaking at a forum of the DC-based Bipartisan Policy Center, entitled "Unprecedented Federal Debt: Putting Our Fiscal House in Order." Hoyer said, "I want to talk about the hard decisions it will take to get our fiscal house in order and control the spiraling costs of our entitlement programs, especially Social Security, Medicare, and Medicaid." Hoyer hardly spoke about the greatest financial economic breakdown crisis in human history; instead he spoke about the fiscal crisis allegedly caused by these three programs.

Among other points, he proposed raising the retirement age once more before an elderly person could qualify for Social Security. Then Hoyer said that, "the political challenges on Social Security, Medicare, and Medicaid are extraordinary. So I think it's very possible that finding a solution will demand an extraordinary process. Some members of Congress including [Jim] Cooper and [Frank] Wolf have called for a Fiscal Future Commission.... which would propose solutions and send them to Congress for a vote. I think they make a strong case." After denouncing Congress for "inaction", Hoyer asserted, "A Fiscal Future Commission would help protect that process from the political attacks [in the Congress] that have derailed it in the past. Some have argued that creating a Commission would mean taking these vital issues out of the political process."

While Congressmen Cooper and Wolf have supported this Commission proposal, it actually comes from the pro-genocide billionaire Peter Peterson, former head of Lehman Brothers, and then the Blackstone Group giant hedge fund. The main advocate for this is David Walker, the CEO of the Peter Peterson Foundation, who has pushed for deep cuts in entitlements. Lyndon LaRouche denounced Walker in a March 2007 article, "David Walker's Sleight of Hand." Walker spoke at the same Bipartisan Policy Center forum today.

Finally, in an April 22, 2009 letter to the editor of the Washington Post, David Abshire, President of the Peterson-sponsored Center for the Study of the Presidency and Congress, declared, "The genius of a Fiscal Future Commission is that it would allow flexibility in this timing.... there would be an up-or-down vote in Congress on whether to implement the findings, as was done with the recommendations of the commission on military base closings." There would be no amendments. As LaRouche commented about the Hitlerian push of Larry Summers and the Behavioral Economists to cut health care, this would result in a dictatorship.





Comments

These comments in RSS.
Comment View Threshold:
avatar
GanjAmigo, on 5/10/2009 8:13:15 AM
Total Posts: 18, Joined: 7/17/2008
http://ipv6.thepiratebay.org.ipv4.sixxs.org/torrent/4727665/I.O.U.S.A.
LIMITED.DVDRip.XviD-DMT

This is a link to I.O.U.S.A. the movie, I recommend you watch it.
 |  Comment Score: Neutral  |  Edit Comment
avatar
damasterwc, on 5/10/2009 9:52:57 AM
Total Posts: 349, Joined: 5/30/2006
IOUSA is a fraud. The monetary system is a fraud. The idea you have to borrow money from rich bankers is a fraud. You take IOUSA and shove it where the sun don't shine.

here's a better video (and only 10 minutes): http://larouchepac.com/lpactv?nid=10192
 |  Comment Score: Excellent  |  Edit Comment
avatar
damasterwc, on 5/10/2009 9:57:37 AM
Total Posts: 350, Joined: 5/30/2006
GanjAmigo, imagine this: we're cutting spending and benefits in order to "balance the budget".... then what? The economy will continue shrinking, revenue will keep falling, and the budget will keep shrinking in order to "balance it"... this will end in the destruction of the USA. This is due to the fact that "market forces" and the "invisible hand of the market" are emissions from adam smith's royal cunt and are only valid in his dreams, not in reality. The only driver of economic growth, ever, is government spending. However, this can be stunted if not done effectively.

The USA is able to create credit for national defense and the national welfare. This means, we don't have to borrow money from anybody, we utter credit by passing a law from the congress to do so. We utter credit for bridges, for nuclear power plants, for fusion research, for maglev rail networks, and for the space program. We utter credit for expanding benefits for the elderly, we utter credit to solve the health crisis. We utter LONG TERM credit and it pays for itself in growth. This is the benefit of having a national banking system which must replace the monetarist Federal Reserve system.
 |  Comment Score: Neutral  |  Edit Comment
Immaculate1, on 5/10/2009 11:03:08 AM
Total Posts: 7400, Joined: 7/16/2006
"The USA is able to create credit for national defense and the national welfare."

So, how exactly do you 'create' credit? Isn't this why this financial crisis exists in the first place? Because credit was 'created' at random without anything of real value to back it up?

 |  Comment Score: Neutral  |  Edit Comment
avatar
waffleman, on 5/10/2009 11:13:49 AM
Total Posts: 1497, Joined: 4/8/2006
The US and Canada are both in the same boat. We have roughly a third of the population due to retire in one short period, and the Ponzi Social Security Systems require more people working to cover the retiree's. The US could easily fix this problem by not wasting trillions of dollars on Weapons and Wars. The US has enough Missiles to destroy the World several times over. This is where they should cut severely and look after their retiring workers! they've earned their retirement.
 |  Comment Score: Neutral  |  Edit Comment
avatar
damasterwc, on 5/10/2009 7:36:59 PM
Total Posts: 352, Joined: 5/30/2006
no, it requires continuous investments in order to build a more and more productive economy (researching technologies that transform human labor into higher productivity). social security is collapsing because the economy is collapsing. all you need is positive growth rate.

@immaculate1- no, it's not. what we're seeing is the derivatives market exploding. something that is about 1 quadrillion dollars in size (the global economy is close to 50 trillion). so something the size of 20 times the global economy is the largest bubble in human history. these financial instruments didn't buy anything physical. this is preaching the madness of the infallible markets. there is no invisible hand...

credit that the USA creates by its constitutional definition and intention from alexander hamiliton is payment for a national need. creating financial derivatives is obviously not a national need. a functional water and transportation system, however, is. can u see the difference between the oligarchical system of europe?
 |  Comment Score: Neutral  |  Edit Comment
Immaculate1, on 5/11/2009 1:20:00 AM
Total Posts: 7402, Joined: 7/16/2006
Wow damasterwc, you should go into politics. You use a lot of impressive sounding words without actually saying anything.

You certainly didn't answer my question.

Do you even understand yourself what you're saying? If you do, you're not very capable of communicating your thoughts.

What exactly is this thing or entity you talk about that is 1 quadrillion dollars in size? Are you honestly trying to tell me that America has an internal financial market that is 20 times as big as the global economy?

"these financial instruments didn't buy anything physical"

That's what we know. That's along the lines of how all this 'credit' was created in the first place by banks, out of thin air, by lending out a single dollar 60 times for instance, in some occurrences.

"credit that the USA creates by its constitutional definition and intention from alexander hamiliton is payment for a national need."

All nice mumbo jumbo there, but it doesn't explain how the USA will 'create' credit. How nice of you to completely skip the question with a lot of empty but interesting sounding phrases. Like I said, you should consider a political career, you got the mouth for it.

"can u see the difference between the oligarchical system of europe?'

I can see an immense amount of differences between the European and the American system. But I can't see what you're pointing at because you're either not capable of showing what you're pointing at, or you're pointing at empty space.

 |  Comment Score: Neutral  |  Edit Comment
avatar
damasterwc, on 5/11/2009 9:34:58 AM
Total Posts: 354, Joined: 5/30/2006
"these financial instruments didn't buy anything physical"

it's not america! it's a global fucking stupid pathetic market. it's centered in london, new york, and chicago.

the derivatives market is like 1.7 quadrillion dollars.... the conservative estimate is 600 trillion, but that only counts registered trades. there are many over the counter transactions, pink sheets transactions, and black market transactions that occur that make some experts estimate the real size at > $1 quadrillion. do you get it now? wakaru? nihongo de shaberu? nihongo nohouga eigo yori wakaru?

"these financial instruments didn't buy anything physical"

they were purely speculative debt. it was a pure speculative debt bubble. they sold and resold the same debt, each time leveraging their projected earnings. this is purely inflationary and fraud. we have no obligation to bail out fraudulent crap. it's basically gambling debts, but imagine gambling debts in monopoly money.

credit and debt are two different things. debt means that one is captive to the debt holder. credit is something a sovereign power generates (something that europeans are lacking). credit cards are misnamed.

credit from the usa means a law was passed in congress ordering the procurement of something that falls within our constitutional obligation to the provide for the general welfare. congress utters this credit to which will be funded by a national bank. our national banks in the past were great drivers of economic growth. unfortunately what we have now, the federal reserve, is almost as bad as what europeans have (ecb, boe).

watch that video i linked above... then do some digging into the derivatives market. then look up mark to market and other types of fraud. then shoot me with some questions.
 |  Comment Score: Neutral  |  Edit Comment
Comments per page: 10

Post your comments

 

Your Message:

This system allows you to use html-like tags in replacement of HTML. These tags are easier to use and are widely supported on messageboard systems.

HTML DISABLED
CODE DISABLED

 

You must be a registered user in order to post comments.
Please sign in or create a new account.

XxoozerobulshoyDockZaWolvenHockeyGodVaMpIrEF00DDeadmanspointJustXquincy0191SteelyDanBebichanReagannodnarb232001LifeRiotFidoAdamnesssailirish7ThisisJeffKhramGodsSontimekeeperRomanov
Shoutwire channels
Back at The Batcave
 1 views
 15 shouts
 0 bashes
posted by GaaaaaH
Eyes Never Lies
 2 views
 15 shouts
 3 bashes
posted by kailashk
Guys
 0 views
 15 shouts
 0 bashes
posted by AliceC
Happy V.D.
 0 views
 15 shouts
 1 bashes
posted by RiotHero

FlikThe Beginning (day One)
body { font-family: Arial; font-size: 12px; line-height: 20px; width: 545px; } div.mine p { text-align: justify; } .avat { text-align: center; float: left; margin: 0px; margin-right: 10px; border: 2px solid black; } Date: The Beginning (day one) Current mood: Creative Listening to: Phil Collins - Another Day in Paradise Posted by:THE_ONE After having been harassed interminably by all the other deities, I have finally deigned t...

DeadmanspointAbout The Seldom Things
Now, before I go any further let me make the observation that I shall not follow the title nor the description of this piece.As much as needs be served by a common comma.  Or a stripe begging for another one.  In my journeys, as seldom as they are, I have found a common virtue.  That virtue is a simple pattern... But all seize it, and all know it well.  For it is the definition before the act.  It is why and who and when and that t...